GOLEM - GLM/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	GLMUSD
ISIN:

GOLEM - GLM/USD - Daily - Technical analysis published on 01/27/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.220362 USD

My targets

0.280593 USD (+9.78%)

0.304850 USD (+19.27%)

My analysis

GOLEM NETWORK TOKEN - GLM/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.220362 USD. The next resistance located at 0.280593 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.304850 USD. After this resistance, buyers could then target 0.405378 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLEM NETWORK TOKEN - GLM/USD rating 0.255592 USD. On the day, this instrument gained +8.23% and was traded between 0.230230 USD and 0.258100 USD over the period. The price is currently at +11.02% from its lowest and -0.97% from its highest.

0.230230

0.258100

0.255592

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.080000	0.178059	0.220362	0.255592	0.304850	0.405378	0.576854
Change (%)	-68.70%	-30.33%	-13.78%	-	+19.27%	+58.60%	+125.69%
Change	-0.175592	-0.077533	-0.035230	-	+0.049258	+0.149786	+0.321262
Level	Minor	Minor	Major	-	Minor	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.222841	0.226603	0.231377	0.235139	0.239913	0.243675	0.248449
Camarilla	0.233805	0.234587	0.235370	0.236152	0.236935	0.237717	0.238499
Woodie	0.223348	0.226856	0.231884	0.235392	0.240420	0.243928	0.248956
Fibonacci	0.226603	0.229863	0.231878	0.235139	0.238399	0.240414	0.243675

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.150747	0.180699	0.205620	0.235572	0.260493	0.290445	0.315366
Camarilla	0.215452	0.220482	0.225512	0.230542	0.235572	0.240602	0.245632
Woodie	0.148233	0.179441	0.203106	0.234314	0.257979	0.289187	0.312852
Fibonacci	0.180699	0.201660	0.214610	0.235572	0.256533	0.269483	0.290445

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.067196	0.118661	0.148162	0.199627	0.229128	0.280593	0.310094
Camarilla	0.155396	0.162818	0.170240	0.177662	0.185084	0.192506	0.199928
Woodie	0.056213	0.113170	0.137179	0.194136	0.218145	0.275102	0.299111
Fibonacci	0.118661	0.149590	0.168698	0.199627	0.230556	0.249664	0.280593

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.21
MACD (12,26,9):	0.0113
Directional Movement:	37.147143
AROON (14):	14.285714
DEMA (21):	0.235696
Parabolic SAR (0,02-0,02-0,2):	0.210650
Elder Ray (13):	0.015321
Super Trend (3,10):	0.195073
Zig ZAG (10):	0.254442
VORTEX (21):	1.1469
Stochastique (14,3,5):	62.47
TEMA (21):	0.245306
Williams %R (14):	-21.81
Chande Momentum Oscillator (20):	0.029147
Repulse (5,40,3):	10.4025
ROCnROLL:	1
TRIX (15,9):	0.6492
Courbe Coppock:	31.01

MA7:	0.235391
MA20:	0.219742
MA50:	0.205875
MA100:	0.220146
MAexp7:	0.236880
MAexp20:	0.222304
MAexp50:	0.214368
MAexp100:	0.220785
Price / MA7:	+8.58%
Price / MA20:	+16.31%
Price / MA50:	+24.15%
Price / MA100:	+16.10%
Price / MAexp7:	+7.90%
Price / MAexp20:	+14.97%
Price / MAexp50:	+19.23%
Price / MAexp100:	+15.77%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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